01:23 PM EDT, 07/30/2025 (MT Newswires) -- Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index fractionally higher and the Financial Select Sector SPDR Fund (XLF) adding 0.3%.

The Philadelphia Housing Index was shedding 0.3%, and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.4%.

Bitcoin (BTC-USD) was easing less than 0.1% to $117,762, and the yield for 10-year US Treasuries was rising 3.2 basis points to 4.36%.

In economic news, US economic growth, measured by gross domestic product, rose 3% in the advance estimate for Q2, above the 2.6% increase expected in a survey compiled by Bloomberg, and followed a 0.5% decline in Q1, the US Bureau of Economic Analysis said Wednesday.

Private employment rose by 104,000 jobs in July, ADP's data showed. The consensus was for an increase of 76,000 in a Bloomberg compilation. Job losses stood at 23,000 in June, revised lower from ADP's initial estimate for a 33,000 decline.

In corporate news, Visa (V) shares added 0.5% after the company said its fiscal Q3 non-GAAP earnings rose to $2.98 per diluted share from $2.42 and revenue climbed to $10.17 billion from $8.90 billion a year earlier.